Following are excerpts from the financial statements of Revlon, Inc. (in millions):

The days accounts payable outstanding at the end of Year 2 is:
 

a. 84.8.

b. 93.1.

c. 81.3.

d. 89.6.

Transcribed Image Text:

Year 1 Year 2 Sales $1,494.70 $1,941.00 Cost of sales 545.10 668.30 Net income (loss) ($5.80) $40.90 Trade receivables, less allowance for 253.50 238.90 Inventories 175.00 156.60 Accounts payable 165.70 153.50 Total assets 2,016.90 1,944.10 Year 1 Year 2 Sales $1,494.70 $1,941.00 Cost of sales 545.10 668.30 Net income (loss) ($5.80) $40.90 Trade receivables, less allowance for 253.50 238.90 Inventories 175.00 156.60 Accounts payable 165.70 153.50 Total assets 2,016.90 1,944.10

Answer rating: 100% (QA)

0 DayaAlc Payable Average Afc Payale x 365 ... View the full answer